Property value increases in Bowen have tracked close to the QLD average of 3.31% over the last 12 months.
Taking the average capital gain, or increase in median house value, Bowen,4805 has racked up an average of 2.87% over the period. This ranks it number 2760th in the whole country for real estate investors looking at median house price increases.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.86% offered to property buyers. Sellers in Bowen itself are offering an average vendor discount of -9.41% to real estate investors.
Property investors should expect to get $320 weekly from the median priced house in this suburb.
At number 1577th in the list of Australian suburbs ordered by increase in median house value over the last year, Bowen, 4805 is in the BOTTOM 10% with a property value increase of -13.69% recorded in median house prices.
Over the longer term, Bowen has seen property prices show investors a 78.46% return over the last 3 years. This is worse than over the last 12 months
In the last year 21 properties changed hands in Bowen, which puts it as the 298th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Bowen being $290000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 5.56%